Iceland Current Account to GDP  Forecast


Current Account to GDP in Iceland is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Current Account to GDP is projected to trend around 4.00 percent in 2020, according to our econometric models.


Iceland Current Account to GDP
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Iceland Trade Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -9600 -14264 -7480 -9168 -7574 -4110
Exports 46000 43346 42708 42212 41874 38913
Imports 55000 59141 57249 57050 56736 53798
Current Account 16.29 43.51 36.73 24.14 17.84 13.33
Current Account to GDP 8 4.6 4.6 4.5 4.5 4
External Debt 2558252 2562965 2608187 2659787 2751891 3824960
Capital Flows -3.92 2.63 -46.05 -29.39 -19.85 -11.55
Gold Reserves 1.98 1.98 1.98 1.98 1.98 1.98
Foreign Direct Investment -22404 -10748 -25305 -12661 -7192 10799
Remittances 753 319 344 362 346 346
Terrorism Index 0.25 0.85 1.02 0.86 0.71 0.81
Tourist Arrivals 146429 143966 147424 146284 145795 146154